Hoa Phat Group improves ranking in Top 500 largest businesses in Vietnam 2020

14/11/2020 16:00

Vietnam Report has announced VNR500 – the Top 500 largest enterprises in Vietnam in 2020. Hoa Phat Group was improved one position in both two rankings of the Top 20 largest enterprises in Vietnam, and took the 4th position in the Top 10 largest private enterprises in Vietnam.

vnr-500-2020

Hoa Phat jumped to the 4th position in the Top 10 largest private enterprises in Vietnam

VNR500 ranking is researched and published to honor the largest enterprises in Vietnam that have achieved remarkable achievements in production and business activities. Hoa Phat Group also has 13 consecutive years in the list of the largest enterprises and Top 10 largest private enterprises in Vietnam.

With a nationwide scale and a representative office in Singapore, Hoa Phat Group has operated in many fields of production and business such as iron and steel, steel pipes, galvanized steel, agriculture, and other industries (furniture, refrigeration) and real estate. In 2019, Hoa Phat Group achieved impressive business results with revenue of nearly VND65 trillion and more than VND7.5 trillion of after-tax profit, exceeding 13 per cent of the set targets.

In the first 9 months of the year, Hoa Phat Group recorded positive business results with revenue of VND65 trillion and after-tax profit of up to VND8.84 trillion, up 40 per cent and 56 per cent respectively over the same period in 2019. Its after-tax profit in the first 9 months of the year reached 98 per cent of the whole year’s plan. This has been also the first time both revenue and after-tax profit in the first 9 months of 2020 have exceeded the whole last year, reaching the highest ever level.

In 2020, the world has witnessed and experienced many changes. The outbreak of the COVID-19 pandemic has caused a series of impacts, making many businesses dissolved or suspended production. However, some businesses have still maintained their position with growth potential and a large proportion of revenue in the VNR500 Ranking such as finance, food - beverage, construction - construction materials - real estate, telecommunications - informatics - information and technology etc.

The award ceremony of VNR500 Ranking 2020 is expected to be held on January 8, 2021 in Hanoi.

Please see the list of VNR500 ranking here.

Hong Hanh

Comment

Send email
Chat with us
Back to top